Carillion has secured £1.4bn in funding to support its growth strategy


Carillion has secured £1.4bn in funding as it seeks to expand.

The firm has renewed and extended its main £790m bank facility at a better rate for a further three years. The firm said that alongside funding from a private placement, convertible bonds and three smaller banking facilities Carillion has £1.4bn of available funding, which it said would support its growth strategy.

Carillion group finance director, Richard Adam, said: “Extending our main revolving debt facility by nearly three years at improved pricing, clearly indicates the strength of Carillion’s credit standing within the debt capital markets and their support for our strategy for growth.”  

Carillion announced last month that it had won £1.7bn of new work since July, and this month it bagged £100m of support contracts in Canada.